Articles for : American Exchange Group
United States
ECONOMY
Eco-Friendly Shoe Brand Allbirds Sells for $39 Million, a Fraction of its Peak Value
Short summary
Allbirds, once valued at $4 billion, is selling its assets for $39 million due to declining sales. The deal awaits shareholder approval.
United States
ECONOMY
Allbirds Acquired Amid Financial Struggles and Store Closures
Short summary
Footwear brand Allbirds, struggling with its business model, has been acquired by American Exchange Group after closing all its US stores.